Friends of the Elderly

Analysis

Friends of the Elderly is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Elderly reported income of $90k and spending of $89k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $90k to $90k (-0.1%), an average of +-0.0% a year. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friends of the Elderly sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within VA. Charities of a similar size with the same main cause include Great Lakes Orthopedic Relief International ($90k), Down Syndrome Foundation ($90k) and Pivotal Health& Wellness ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,766 against liabilities of $0, net assets of $1,766.